Toll Brothers Introduces TollBid.com!
Toll Brothers, Inc. (NYSE: TOL), the nation's leading builder of luxury homes, recently introduced a new service available exclusively to the construction and land development industries. TollBid.com is an innovative Web site designed to provide both new and existing subcontractors and suppliers a quick and convenient way to qualify for and bid work online. The subcontractor or supplier can access a qualification form through TollBid.com. Once the subcontractor or supplier is deemed qualified, their information is immediately available to Toll Brothers' Project and Land Development teams through a central database. "Although the site has been in operation only a short while, we have already received qualification forms from hundreds of new subcontractors," said Zvi Barzilay, Toll Brothers' President and Chief Operating Officer.
Last year, Toll Brothers built approximately 4,000 homes in twenty states, with a total sales value of over $1.7 billion. "In an effort to keep up with the demand for our luxury homes, we're hoping to develop TollBid.com into our primary resource for subcontractors," said Toll Brothers Vice President Ed Weber.
Toll Brothers' communities are currently listing nationwide bidding opportunities on the TollBid.com Web site. These bidding opportunities represent over 4,000 homes for construction work and 1,700 lots for land development work. Efforts are currently underway to link TollBid.com to a "virtual plan" room where subcontractors and suppliers can view, download and print floorplan drawings and specifications for bidding. "This will make it so much easier for subcontractors to bid our work and has the potential of saving thousands of dollars in administrative costs for both contractors and Toll Brothers," Zvi Barzilay continued.
Toll Brothers, Inc. is the nation's leading builder of luxury homes, serving move-up, empty-nester, and active-adult buyers in six regions of the country. The company recently completed its eighth consecutive year of record earnings, its ninth consecutive year of record revenues and year-end backlog, and its tenth consecutive year of record signed contracts. Toll Brothers currently operates over 140 communities in 20 states: Arizona, California, Connecticut, Delaware, Florida, Illinois, Massachusetts, Maryland, Michigan, New Hampshire, New Jersey, Nevada, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Tennessee, Texas, and Virginia. The Company is the only public homebuilder to have won all three of the industry's highest honors: America's Best Builder from the National Association of Home Builders, the National Housing Quality Award and Builder of the Year.
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|Date:||Feb 1, 2001|
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